This blog is about macro-economics, financial markets and the world that has been pulled over your eyes to blind you from the truth.

— Neo: What truth?
— Morpheus: That you are a slave, Neo.

2011-02-21

Kyle Bass, Hayman's Portfolio Manager interview on CNBC

I have been following Hayman for about a couple of years now, since they wrote a very substantial investor letter explaining the path that Japan and China had taken was to economic and fiscal crash. One of my friends is now kindly sending me their investor letter from time to time. The 4 sequences below summarize most of the points from their latest letter dated the 14th of Feb and titled The Cognitive Dissonance of it All